Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1887-08-04

| having been anticipated by most all. but scarce
/. iy so soon. The only notable changed caused
/ has been the stopping of the delivery Of whea,
from warehouses to shippers. Otherwise bust
ness IS progressing as nsnal. What may be the
| result eventually can scarcely be surmised but
| the great amount of wheat now in transit and
mere VIII necessarily keep business up here.
me Ihe warehouses are filling rapidly, the Nevada
DOCK haVlng reached almost its capacity.
| starr $. MeNears and the Changers have still
considerable storage room. Yesterday more cars
were discharged than ever before-over $50.
SOME ANXIETY IN SAN JoAQUiS.
I STOCKTON, August 3d.-The news Of the gain
| deal collapse was not surprise to dealers here
| as there has been no regular n arket here this
week in expectation of a crash. Grain dealers
say the losses here will not be heavy but what
the buyers have taken with their own money is
| not known. 1t is estimated that about one-third
| OF the san Joaquin crop of 5000 tons have
been sold and delivered, and another third sold
Dut not delivered Dealers here think that
Mheat 10 morrow viii be worth only 81 IS to
| u d. Many farmers have sold and put up mar
glBs, and are now anxious about the standing of
the holders OF contracts. The local Call Board
proceeded with their business of organization
| tonight.
YoLo FARMERS IN \ QUANDARY.
| WOODLAND, August Sd.-News of the crash in
| the wheat market at San Francisco created a
| great stir in this city this afternoon and GREAT
anxiety is now experienced by many. THE
wheat holders in this city and vicinity are nat
urally very much disturbed over the news but
u.
| felt by farmers in this section who have their
grain in the hands of San Francisco parties
| and If this grain has been sold the crash will
scarcely be felt by, many of our largest pro-
| uncers. The news has not yet thoroughly
| permeated the outlying wheat districts, but as
lar as your correspondent can learn the greatest
| uneasiness IS felt, and number OF producers
| nave come TO town o-nlght to learn additional
| details. They state that they are completely in
| the dark and do not know whether to sell or
hang on till the difficulty is settled Local buy
a a 4 fDfra asNftl
| or TWO sales are already reported.
| QUITE SERENE AT WILLOWS
| WILLOWS, August 8d.-The Dresbach failure
Will not affect this immediate section to any
| great extent. This failure was not wholly un-
| expected, therefore the news does not create
any great shock.
BLESSING IN DISGUISE
OELASD, August Sd-The downfall of the
bun wheat movement is regarded here more
favorably than otherwise The effect on the
wheat market is expected to be good.
ANTICIPATED AT DIXON.
DINoN, August 3d.-The crash in the wheat
market Occasloned but little surprise here The
heaviest buyers had been expecting and pre-
pairing Tor II. Eppinger & Co. had bought moth
ing ior couple of weeks but had been hurry
liver on July contracts They estimate that
about three tifths of the wheat of northern So
i iano mas already been sold and delivered, and
that the farmers have their money secure They
think the effect will be to send the price Of
wheat down to figures that are warranted by
Liverpool quotations
Goodman & Co. estimate that two thirds OF
the wheat OF this section has already been sold
and paid for, and that nobody in this commn-
nlty VIII be seriously affected, EXCEPT those
farmers who failed to take advantage OF the in
Mated prices and are still holding their wheat
Inc effect will be to pull the price of wheat
Gown 10 81 50 per GENITAL, or less, which is all
mat Is warranted by the Liverpool market
Before the crash No wheat was selling for 81 20.
HEAVY CONTRACTS OUT AT RED BLUFF.
RED BLUFF, August 3d.-The wheat smash
has been looked for here for several tiays mast
although Dresbach's agent, Ballard, has been
buying right along. A great deal of wheat has
peeh contracted Tor here by the ring, hut very
little of it delivered. Other buyers have stood
III at the ruling prices The highest price here
was Il 90, but for the past three weeks the main
buyers nave been very careful about purchas-
ing with the exception of Dresbach. Some
estimate that about 100000 bushels of wheat
are stored IN this county awaiting transporta-
ton. Consequently that amount remains un-
delivered. Dresbaeh's agent claims to have
made purchases in the Sacramento valley of
No. wheat of from $50 TO 900 tons per tlay
since the season opened. The general impress
smashed up lew years ago in this vicinity
SYMPATHY FOR DREsBACH IN coLusA.
BUTTE CITY, August 3d.-The news of the
Dresbach failure in the company of the bulls of
the wheat market of San Francisco may have
caused surprise and CONSERVATION To some hold
ers, but all agree that this is only final result
that might have been expected from the hign
prices paid on contracts entered into early in
she season for future delivery. The average
farmer and wheat-raiser cannot fully compre-
hend the true situation of the wheat market
even with the announcement of this failure
Many plndly follow the transactions as to val
ues, and 1t often proves disastrous to the holder
some sympathy is expressed for Dresbach here
lew oil our farmers have personal acouain-
lance with him and recognize in him leading
man in the market of this coast and one who
mas passed through many vieissitudes incident
to the grain business.
THE VALLEJO MARKET UPsgT
VALLEJO, August Sd.-The wheat market here
is demoralized. 1t is 81 70 to-day, and will
probably drop 20 cents by tomorrow starr K
I Co are not buying pound at any price. They
viii say nothing in relation to the smash-up.
SANTA CRUZ NOT INTERESTED.
SANTA CRUZ, August 3d.-But little wheat is
grown III this vicinity. Local dealers carry but
and nobody is cinched here.
MARYsvILLE OPERATORS SAFE
MARHsvILLE, August 3d.-The crash in wheat
has been anticipated here for ten DAYS past. A
iew sales have been made of late at the highest
price paid i'll the local market this season.
about 81 60 The break is uot known to have
involved any operators here.
THE SoS-sELLERs DEPRESSED.
WHEATlAND, August 3d.-The grain buyers
who have bought heavily and the farmers who
have not sold are seriously depressed i'm this
district. At large the crash had been looked
for
LITTLE WHEAT SOLD ABOUT CHICO
CHICO, August 3d.-The callapse OF the wheat
Ii 'rket created little excitement. There has
! been no spot market here for month few
sales. about one-fourth the crop, have been
made up to this date in this section. Holders
are warehousing till the market opens Farm
ers confidently expect 81 So Dresbach had 700
tons contracted for here and small portion
was delivered.
GOOD TURN N ONE DAY.
CoIUsA August 3d-The crash in the wheat
market caused little excitement here as buyers
were on the lookout. one buyer remarked that
he ont IS 0nl This morning and this n1or,i1,